This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

The insect feeds are used as food source for various animals such as livestock, poultry and fishes. Insects feed are rich in protein and contain natural component such amino acid, minerals, etc. Insect feeds are an essential component in poultry diets. The use of insects feed positively impacts both the health of animals as well as end consumers. Fish oil, soybeans, fish meal, and grains are commonly used ingredients in insect feed. Insects are a direct potential source for conventional production of protein, either for direct human consumption, recomposed foods, and as a protein source used in feedstock mixtures. Some insect species are grown on organic side streams, reducing environmental contamination, and transforming waste into high-protein feed that can replace increasingly more expensive compound feed ingredients, such as fish meal.

Benefits of insect feeds are they provide necessary nutrients, processing of insect feeds release fewer greenhouse gases, and are cost effective when compared to conventional feeds.

Key factor expected to drive growth of the global insect feed market is increasing growth in aquaculture and poultry farming.

In addition, changing agricultural planning, rising disposable income, growing population, increasing demand for commercial use are other factors boosting the demand for global insect feed market. Stringent rules regarding the usage of insects as aquaculture feeds may hamper the growth of the global insect feed market.

Insect feed manufacturer focus on launching new product with varying ingredients. In addition, these companies focus on enhancing their packaging designs that comply to environmental standards. Bioplastics and bio-degradable materials have emerged as preferred solution among insect feed packaging sector across the globe.

Geographically, the insect feed market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The market in Asia Pacific is expected to dominate market for insect feed and is expected to register highest CAGR in during the forecasted period, owing to being the major producer of fish in the aquaculture industry.

The demand for insect feed is expected to increase in North America & Europe, due to increasing meat consumption across various countries in these regions.

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